financetom
Business
financetom
/
Business
/
China's Huawei appoints chairman as acting CFO after executive's arrest
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China's Huawei appoints chairman as acting CFO after executive's arrest
Dec 7, 2018 2:53 AM

China's Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the United States, staff briefed on an internal memo told Reuters.

Share Market Live

NSE

Huawei did not immediately respond to a request for comment.

CFO Meng Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, was detained in Canada on Saturday at the request of US authorities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Walt Disney's Parks Business Merits 'a More Cautious View,' Morgan Stanley Says
Walt Disney's Parks Business Merits 'a More Cautious View,' Morgan Stanley Says
Aug 5, 2024
10:55 AM EDT, 08/05/2024 (MT Newswires) -- Walt Disney's ( DIS ) parks business merits a more cautious view in fiscal 2025, though its studios are outperforming, Morgan Stanley said in a note e-mailed Monday. The media and entertainment giant's shares have dropped 23% since its fiscal Q2 results in May, according to Morgan Stanley. The sell-off likely factors in...
Fortive Unit Says Sterilization Cycle for Duodenoscopes Gets FDA Clearance
Fortive Unit Says Sterilization Cycle for Duodenoscopes Gets FDA Clearance
Aug 5, 2024
10:57 AM EDT, 08/05/2024 (MT Newswires) -- Fortive's ( FTV ) Advanced Sterilization Products unit said Monday that its new sterilization cycle for duodenoscopes has received clearance from the US Food and Drug Administration. The Ultra GI Cycle, developed in partnership with HOYA's Pentax Medical division, reprocesses duodenoscopes using hydrogen peroxide gas plasma sterilization, the company said. Duodenoscopes have been...
Five US states push Musk to fix AI chatbot over election misinformation
Five US states push Musk to fix AI chatbot over election misinformation
Aug 5, 2024
WASHINGTON (Reuters) - Secretaries of state from five U.S. states urged billionaire Elon Musk on Monday to fix social media platform X's AI chatbot, saying it had spread misinformation related to the Nov. 5 election. WHY IT'S IMPORTANT Social media platforms, including X, have been under scrutiny for years over the spread of misinformation and conspiracy theories, including false information...
P10 Extends and Expands Credit Facilities; Shares Fall
P10 Extends and Expands Credit Facilities; Shares Fall
Aug 5, 2024
10:59 AM EDT, 08/05/2024 (MT Newswires) -- P10 (PX) said Monday that it has secured an amended credit agreement, increasing its total credit capacity to $500 million and extending the facilities' maturity to August 2028. The upsized credit capacity comprises $175 million in senior secured revolving credit facility and $325 million in senior secured term loan facility. The amended agreement...
Copyright 2023-2026 - www.financetom.com All Rights Reserved